Articles from the ‘Business’ category

Insurers explore potential gains in offshore venture

Posted by on May 10, 2009 at 7:36 pm in Mining, Other Top Stories

By NIKE POPOOLA As at the last count, 10 indigenous insurance companies have expanded their operations into other parts of Africa. This is in spite of the fact that they have not been able to deepen penetration at home. Moments after the Federal Government induced consolidation about two years ago, the various operators promised to [...]

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West African Chambers of Commerce Discuss Export Promotion

Posted by on at 7:34 pm in Business, Other Top Stories

By Brent Latham Dakar Credit: VOA Representatives of chambers of commerce from across West Africa have come to Senegal to discuss the prospects for increasing exports from the region. With the guidance of the Geneva-based International Trade Center , business leaders from a number of West African countries are planning future steps to further improve [...]

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Winneba Credit Union Members receive GH¢102,238.90 loan

Posted by on at 7:32 pm in Business, Financial Institutions

he Winneba-based ILO-Edwumapa Co-operative Credit Union granted loans totalling 102,238.90 Ghana Cedis to 431 members of the Union, during the 2007/2008 operational period. Beneficiaries include, farmers, fishermen, fishmongers, transport operators, artisans, hairdressers, beauticians, tailors and dressmakers, portly and livestock producers, small-scale entrepreneurs, petty traders, and student-members pursuing tertiary education. Madam Grace-Love Osae, Chairperson of the [...]

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President Mills Peps Up Investor Interest In Ghana

Posted by on May 9, 2009 at 6:58 pm in Business

Source: GBC On the second day of his official trip to London, H E, President John Atta Mills has spent considerable hours reinvigorating the interest of investors; selling Ghana as a preferred investment destination. Beginning with Tullow Oil, the President assured them that his Government will not abrogate any previous contracts just to score cheap [...]

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Fidelity Bank Profits Up By 500 Percent

Posted by on at 9:20 am in Business, Financial Institutions

Omohakpor Enaye Profit before taxation at Fidelity Bank is up by 500%. It rose from GH?0.477 million in 2007 to GH?2.7 million in 2008, up by GH?2.2 million (500%). Net interest income went up by 72%. Operating income went up by 90%. Operating expenses went up by 77%. Financial investment inched up by 2%. Investment [...]

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Why the Cedi is Losing Its Value

Posted by on at 9:07 am in Business, Feature Articles

Credit: Dr. Kwame Osei There have been many debates on radio and TV as to why the Cedi has fallen sharply over the last 7 months or so. Many of the commentators who have appeared have blamed everything under the sun from the so-called Global financial crisis through to mis-management of the economy through to [...]

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GSCP train sales associates

Posted by on at 9:06 am in Business

The Ghana Sustainable Change Project (GSCP) organized a four-day safe drinking water workshop in the Central Region. The workshop involved 72 participants meeting with representatives from Precision DX to train sales associates on their products. Julia Doudu, the project coordinator for GSCP that the Aquatab, Precision DX product, kills all harmful germs in 25 liters [...]

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Peasant farmers call for urgent action on ACFB

Posted by on at 8:53 am in Business, Other Business Stories

The Peasant Farmers Association of Ghana (PFAG) on Friday called on government to urgently expedite action on the Agriculture Credit Fund Bill (ACFB) to ensure its passage into law. At a meeting with the Deputy Minister in-Charge of Crops at the Ministry of Food and Agriculture, Mr Yaw Effah-Baafi in Accra, President of PFAG, Mr [...]

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